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Public Investment Challenges And Reforms In Romania

Author

Listed:
  • Daniela PIRVU

    () (University of Pitesti, Romania)

  • Claudia STANCIU-TOLEA

    () (University of Pitesti, Romania)

Abstract

The public investments play an important role in stimulating the economic growth and in reducing the disparities between urban and rural areas or between the regions of a country. The share of public investments in GDP in Romania has decreased significantly in recent years, giving the increase of some categories of public expenses, as well as the decrease of the budget revenues that have generated actions to adjust the state budget, in order to avoid the excessive deficit procedure. This paper analyzes the problem of public investments in Romania correlated with the evolution of the main categories of public expenses.

Suggested Citation

  • Daniela PIRVU & Claudia STANCIU-TOLEA, 2019. "Public Investment Challenges And Reforms In Romania," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 18(3), pages 47-53.
  • Handle: RePEc:pts:journl:y:2019:i:3:p:47-53
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    References listed on IDEAS

    as
    1. Alessandro Turrini, 2004. "Public investment and the EU fiscal framework," European Economy - Economic Papers 2008 - 2015 202, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Jean-Marc Fournier, 2016. "The Positive Effect of Public Investment on Potential Growth," OECD Economics Department Working Papers 1347, OECD Publishing.
    3. Anita Tuladhar & Markus Bruckner, 2010. "Public Investment as a Fiscal Stimulus; Evidence from Japan’s Regional Spending During the 1990s," IMF Working Papers 2010/110, International Monetary Fund.
    4. Stanciu, Cristian Valeriu & Mitu, Narcis Eduard, 2017. "Foreign and Public Investment and Economic Growth: The Case of Romania," MPRA Paper 84789, University Library of Munich, Germany, revised 2017.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic growth; Public investments; Public expenses.;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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